Nvidia CEO pushes back against report that his company’s $100B OpenAI investment has stalled

Nvidia CEO Jensen Huang said Saturday that a recent report of friction between his company and OpenAI was “nonsense.” However, the WSJ said Huang has begun emphasizing that the deal is nonbinding and that he’s also privately criticized OpenAI’s business strategy and expressed concerns about competitors like Anthropic and Google. In addition, the WSJ reported that the two companies are rethinking their relationship — though that doesn’t mean cutting things off entirely, with recent discussions reportedly focusing on an equity investment of a mere tens of billions of dollars from Nvidia. An OpenAI spokesperson told the WSJ that the companies are “actively working through the details of our partnership,” adding that Nvidia “has underpinned our breakthroughs from the start, powers our systems today, and will remain central as we scale what comes next.” “We will invest a great deal of money,” Huang said. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” He apparently declined to specify how much Nvidia would be investing, instead saying, “Let [OpenAI CEO Sam Altman] announce how much he’s going to raise — it’s for him to decide.”